While actively managed stock funds bled more than $172.3 billion over the last year, one category of actively managed equity funds is bucking the trend.
As firm-switching among brokers rose to record levels over the past four years, the number of signatories exploded, growing almost 40 fold. Many of the new signatories are RIAs.
We’ve all heard about the explosion of exchange traded funds. But the heyday may be over unless the funds can find their way into the defined contribution market, Bernstein Research said.
According to a report by Bernstein Research’s Senior Anal...
